The Pyramid is a pretty blunt look at mode prioritization.
I think a more useful tool is this diagram, which lives in the Calgary Transportation Plan as well as the Complete Streets Guide (which sets out right-of-way standards for all our various street types.
What I like about this is it show that different types of streets play different roles in our transportation network for different modes. Whereby Freeway type streets play no role for peds and cycling, on the opposite end of the spectrum, it's reasonable that vehicles should expect congestion or at least not expect or high rates of speed where pedestrian movement is more important (for example 17th Ave SW). Other types of streets transit needs are very important due to the number of people it's moving.